Foreclosure Talks Snag on Bank Liability - WSJ.com
What seems the most ridiculous is that the people are upside down on the houses and not paying the mortgages and populist angst says the people who overpaid or lost their jobs aren't responsible.
Can we ever say one more example of Democrat and liberal outcome based social planning?
So, lets bankrupt the banks and have the government (i.e. other taxpayers) bail them out.
The stupid greed of liberals and those that have bought into their social and economic philosophy will prolong the downturn in housing and the economy and, like unions, will make everyone suffer in the end.
But, heck - kick the can down the road, look for massive bank job layoffs, little or no new lending and a continued economic downturn.
Just try and remember at election day (maybe not this cycle but some cycle) that maybe those who thought they could punish the innocent were actually the guilty of being too self-interested.
The guilty party for all of the housing bubble should be the Congress and government and lets just start with Barney Frank and Chris Dodd.
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